The Basics of Trust Administration
September 25, 2024Trust Administration 101 Understanding trust administration is essential for anyone involved in planning their estate. Trusts are legal arrangements that allow a third party, or trustee, to manage assets on behalf of a beneficiary. This process is not only crucial for ensuring that your estate is handled according to your wishes but also can be… Read more »
Time to Submit Your BOI Report
September 25, 2024How to Prepare for the New Mandate on Beneficial Ownership Reporting The United States continues to intensify its commitment to transparency in business operations. As a step in this direction, the U.S. Department of the Treasury’s Financial Crimes Enforcement Network (FinCEN) published its guidance materials to help businesses navigate the complex landscape of beneficial ownership… Read more »
Estate Planning – the best time to do it is NOW
September 25, 2024Estate Planning: The Best Time is Now With the inevitable topic of estate planning, many individuals may wonder when exactly is the “right” time to undertake this important life task. Estate planning is not merely a formality but a crucial step in securing your legacy, finances, and peace of mind for your family. Here, Anthony… Read more »
Focus on Business Succession Planning in Light of the Connelly v. US Case
September 05, 2024Buy-Sell Planning after Connelly What Businesses Need to Know In June 2024, the US Supreme Court ruled that life-insurance proceeds earmarked by a corporation for redemption of a deceased shareholders’ stock must be included when valuing the corporation for estate-tax-purposes. Fair market value redemption obligation does not offset the value of life insurance proceeds… Read more »
At AJM&A, We Are More Than Just Lawyers -We Also Teach
September 05, 2024At AJM&A, We Are Lawyers Who Teach As a law firm our community extends beyond clients, our lawyers also teach at area law schools. It is a little-known fact that AJM&A’s lawyers, Tony Madonia, Bruce Jackson and Sande Shamash also teach law school courses when their schedules and the schools’ needs align. Mr. Madonia is… Read more »
Taylor Swift is Everywhere – Even Estate Planning
September 05, 2024Let’s Learn About Estate Planning with Taylor Swift’s “The Tortured Poets Department” In a new twist to create some excitement in the Estate Planning arena, let’s look at “The Tortured Poets Department (TTPD)” album and gain insight. We should start with the idea of a Tortured Estates Department. This reviews the breadth of fundamental estate… Read more »
Madonia Now Licensed in Kansas
September 04, 2024Going Beyond Chicago – Madonia Now Licensed in Kansas We are proud to announce that Tony Madonia has been approved by the Kansas Bar Association. He can now practice law in Kansas which is much appreciated by our growing client base in Kansas. Congrats to Tony! This is another example of him going the… Read more »
Scam of the Week-Fake Phone Numbers
September 04, 2024Don’t Be Fooled By Fake Phone Numbers In this week’s scam, cybercriminals are using Google search results to try to trick you into calling a phone number that they control. If you search for an organization on Google, scammers can manipulate the search results to display a fake phone number for the organization. Don’t take… Read more »
These Amazon Prime Deals Are Too Good to Be Real
July 16, 2024SCAM OF THE WEEK: Amazon Prime Day Scams Amazon Prime Day is this week, and there are plenty of deals for you to take advantage of. However, cybercriminals are also looking to turn these deals to their advantage. In this particular scam, cybercriminals have created fake websites that look very similar to the real Amazon… Read more »
When Can’t a Trustee be Trusted? We Can’t All Go “From Rags to Riches”
July 16, 2024Tony Bennett’s Daughters Wonder “Who Can I Turn To” Tony Bennett, the famed Grammy winner and singer of “I Left My Heart in San Francisco,” died in 2023. He left his estate to his wife, Susan Benedetto, and family. He had four children: D’Andrea “Danny” Bennett, Daegal “Dae” Bennett, Antonia Bennett and Johanna Bennett. When… Read more »